An advantage of using Robert Lichello's Automatic Investment Management (AIM) algorithm is that, when using GTC LIMIT orders, we often get a much BETTER price when the market opens than what we specified in our limit orders. OTH, typical traders with STOP orders in place often get WORSE prices (often much worse) than they specified.
For example, I had a limit BUY order in for $26.53 for [a stock] since my last sell of it a week or so ago. This morning, at 09:30:33, I got filled for $26.18. Yesirree, that was a GOOD thing. Then the price was back up to $26.43 at the close of the day.
Now, don't you pity the fool this morning with a stop loss order sitting at $26.53?
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